Attention & Activity Terms
Four different tabs, four different ways of asking the same underlying question: is something unusual happening in this name right now? Relative notional answers it for options flow, mention count and sentiment answer it for retail chatter, and whale alerts answer it for outsized crypto trades. None of these terms says why the attention showed up, only that it did, and by how much compared to normal.
Relative notional
Relative notional compares today's dollar options flow in a name against that same name's own normal average, so a ticker running well above its usual pace stands out even when it isn't the single largest name in raw dollars that day. A stock that typically sees a few hundred thousand dollars of options flow a day and suddenly prints several million stands out on a relative basis even though the raw dollar figure would look unremarkable next to a mega-cap's routine flow. That baseline comparison is the whole point of the metric, and also its limit. It only flags that today looks different from this name's own history; it says nothing about whether that difference reflects a real catalyst, a single large trader's unrelated hedge, or simply a thinner baseline than usual making an ordinary day look outsized by comparison. Traders typically pair it with the raw notional figure rather than reading it alone, since a huge relative spike in a thinly-traded name can still be smaller in absolute dollars than an ordinary day in a heavily-traded one.
Mention count
Mention count tracks how often a ticker gets referenced in WallStreetBets posts and comments over a given window, used as a rough proxy for retail attention rather than as any kind of quality signal. A ticker climbing the mention-count rankings means more people are talking about it, full stop. It doesn't distinguish excitement from concern, a wave of buying interest from a wave of people discussing a stock they're worried about, and it doesn't weight one influential post more heavily than a hundred casual ones. Volume of mentions and direction of sentiment are two separate reads for exactly this reason, and mention count only ever covers the first. A ticker can spike in mentions while the actual tone of that discussion runs anywhere from euphoric to skeptical, which is why it's paired with a separate sentiment read rather than treated as bullish or bearish on its own.
Sentiment indicator
A sentiment indicator gives a rough read on whether the WallStreetBets discussion around a ticker skews bullish or bearish, complementing mention count's plain volume read with a sense of which direction that attention is leaning. It's built from the tone of posts and comments about the name, not from any trading activity, so a bullish sentiment read describes what people are saying, not what they're actually doing with their money. That gap between talk and action is the main thing to keep in mind. Retail sentiment on a public forum can run well ahead of, or completely detached from, real order flow in the same name, and a loud, one-sided discussion thread doesn't necessarily mean a large or coordinated trade is behind it. That gap is worth remembering before treating a bullish-leaning sentiment read as confirmation of anything beyond the mood of the discussion itself.
Whale alert
A whale alert flags a single large perpetual futures trade, shown with the trading address, size, direction, and leverage used, surfacing individual outsized trades in crypto derivatives markets as they happen rather than waiting for an aggregate statistic to catch up. Because perpetual futures let a trader control a large position with a relatively small amount of actual capital, a whale alert's notional size doesn't necessarily reflect how much money is really behind it. A highly leveraged trade can look enormous in notional terms while representing a much smaller real capital commitment than an unleveraged trade of the same headline size. A single whale alert also doesn't reveal intent. It could be a directional bet, a hedge against a position held on another exchange entirely, or one leg of a more complex trade that only makes sense alongside positions the alert itself can't show.
See attention and activity live, not just defined
14-day free trial. No credit card required.